Those small pieces of plastic that shoppers are currently stocking up on for the approaching holidays pose a dilemma in Chapter 11. Not only can companies choose whether or not to continue honoring outstanding cards after they file for bankruptcy, but the Bankruptcy Code also caps claims for unredeemed gift cards. Read More »

About Bankruptcy Beat

From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Pat Fitzgerald and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.